Underwriter, Brokerage Casualty - E&S/S (West)
About The Position
Nationwide is hiring an Underwriter for its Excess & Surplus/Specialty (E&S/S) Brokerage Casualty team. The role evaluates risks of basic technical complexity for the Primary Casualty line of business, determining individual risk acceptability, pricing, coverage, terms, and conditions. The underwriter reviews and analyzes claims and loss history to help achieve production and loss-ratio goals, considers reinsurance placement requirements, and builds positive relationships with brokers and reinsurers. The position is conducted in a collaborative, fast-paced environment. Underwriting authority is provided as the associate gains experience. The role reports to the Underwriting Manager and has no direct reports. It involves a normal office environment, limited out-of-state travel may be required, and in-town broker entertaining may be necessary after normal business hours. The position is exempt and not eligible for overtime.
Requirements
- Four years of related experience or prior experience as an underwriting assistant or rater is preferred.
- Knowledge of business and insurance concepts.
- Ability to communicate effectively verbally and in writing with internal and external individuals and groups.
- Ability to analyze insurance risks for acceptability, including policy language, commercial rating plans and methodologies, and reinsurance.
- Ability to use or learn job-related computer software.
- Undergraduate studies or equivalent work experience preferred.
Nice To Haves
- Completion of general insurance courses or designations such as IIA 21, 22, or 23; CPCU; CIC; AU; ARM; CPIW; CWIS; or ASLI.
- Four years of related experience or prior experience as an underwriting assistant or rater.
Responsibilities
- Review individual risks received from brokers with an underwriting leader or team member, and accept or decline business based on the available information.
- Analyze loss exposures, determine appropriate premium charges, and select endorsements and exclusions for insurance contracts.
- Meet individual and team production and loss-ratio goals through broker management and marketing.
- Recommend corrective actions on individual risks.
- Handle policy maintenance and mid-term requests with an underwriting leader or team member; review endorsement requests and process policy changes.
- Review loss-control reports and make recommendations to the underwriting leader; follow up on outstanding information as needed.
- Maintain positive broker relationships through frequent contact, resolve broker conflicts, and develop rapport.
- Travel to broker offices for training or marketing visits and entertain brokers visiting the company, as required.
- Develop technical and business knowledge through internal and external learning opportunities.
- Perform other responsibilities as assigned.
Benefits
- Medical, dental, and vision coverage
- Life insurance
- Short- and long-term disability coverage
- Paid time off, with newly hired associates receiving a minimum of 18 days per full calendar year, prorated quarterly based on hire date
- Nine paid holidays
- Eight hours of Lifetime paid time off
- Eight hours of Unity Day paid time off
- 401(k) with company match
- Company-paid pension plan
- Business casual attire
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
